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Nov 2, 2012
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Nov 29, 2012
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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Nov 28, 2012
11/12
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sandy caused an estimated $71 billion in damage in new york and new jersey. in the bakers union at hostess brands is asking a bankruptcy judge to appoint a trustee to oversee the company's liquidation. the union's objecting to allowing current management to be in charge of the wind down. liquidating after being unable to resolve an issue. >>> and power ball fever spreading across the u.s. go out and get the ticket. the jackpot for tonight's drawing is up to a record $500 million. and that payout is likely to grow thanks to a ticket-buying frenzy of which i may be apart of when the show is over. >> i have mine already. got them yesterday. >>> president obama's meeting with high-profile chief executive officers to talk about the country's fiscal issues. john harwood in washington with more. and john, certainly seems like the pressure is rising to maybe reach some sort of a deal. my question, the ceos headed there today, are they firmly in the president's camp on this? or trying to push both sides to reach some agreement? >> i think they're trying to push both s
sandy caused an estimated $71 billion in damage in new york and new jersey. in the bakers union at hostess brands is asking a bankruptcy judge to appoint a trustee to oversee the company's liquidation. the union's objecting to allowing current management to be in charge of the wind down. liquidating after being unable to resolve an issue. >>> and power ball fever spreading across the u.s. go out and get the ticket. the jackpot for tonight's drawing is up to a record $500 million. and...
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Nov 5, 2012
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 14, 2012
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have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in advance, it's not untypical to avoid thinking about the unthinkable. >> right. >> it's happened in many situations. >> real quick. politically, we keep talking about the politics of the fiscal cliff and all of this, but the politics of energy in this country, do you think that 2020 prediction is ultimately going to be right. do you see the administration now they've been reelected doing the things that you think will actually get us there? yes, no, where are you? >> i'm skeptical as to whether we'll actually reach that goal.
have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in...
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Nov 9, 2012
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. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels,
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a...
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Nov 15, 2012
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we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will follow, so it's either we are investing as oil companies or we're asking oil companies to invest in the mid stream and to the downstream which is pipelines and terminals, refineries et cetera. i think these will come. clearly the company needs more infrastructure, like light oil or oil shale gas is not in the normal centers like we used to have at the gulf coast, et cetera, so therefore investments in pipelines, gas facilities and therefore also refineries will be very important but normally when the natural resources are there, the investments are coming. let me also
we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will...
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Nov 13, 2012
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this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at consolidated, it means it's fabulous, doesn't it? >> could it be? >> remember at our conference last summer? july, i had ackman on a panel. articulate. gave a real case. was totally behind mr. johnson and his strategy and the stock soared from there over the next couple of months only to collapse over the last few weeks. i don't know. i preferred andrew's piece. 11% versus 89%. what do they have left in cash? a billion dollars? >> about half a billion right now. may go up after the holidays. >> george mcgovern was really behind -- he was behind him 1,000%. i'm sure that ackman is behind johnson 1,
this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at...
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Nov 6, 2012
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so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points. s&p 500 futures and nasdaq slightly higher, as well. and it's the same story in europe. we have seen modest gains there through the course of the morning. right now you see that in france, the cac up by about 0.7%. and germany, the dax up by 5.6%. same story with the ftse in london. in asia, the nikkei closed down modestly by about a third of a percentage point. you saw modest declines in honk c congre kong and shanghai. still very long gasoline lines in new jersey and new york where it's very difficult to get any gas at all. you can see right now that wti is up about 49 cents to $86.14. the ten year, interesting to watc
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points....
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Nov 30, 2012
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and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
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Nov 19, 2012
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distunks of the highest average price $4.18 a gallon, in large part because of the impact of superstorm sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the fiscal cliff, and we're joined once again by our guest host jeremy siegel, finance professor at the wharton school in pennsylvania and jeremy, you're not a new normal guy. you think 3% to 4% is, we deserve that? don't you into ed to earn that somehow? you need to earn success. you think it just happens in this country? >> we grew in the '90s 3% to 4% and most of the post-war period. 3% to 4% from this high unemployment would be disappointing. normally we'd bounce back from recessions growing 5% to 6%. >> it doesn't matter who is in the white house or what policies they're pursuing. >> i think it matters but i don't think it's the overw
distunks of the highest average price $4.18 a gallon, in large part because of the impact of superstorm sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the...
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Nov 7, 2012
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that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the larry summers idea. >> jim liked it, too. >> it's not going to happen. >> it's not going to happen. you guys are really bumming me out. >> it's just not. >> i've even let you build a few things. >> the president only won this thing a few hours ago. >> we're going to have net fiscal contraction starting in 2013. that is where we are. >> net fiscal contraction. >> you're with bush in four years? i don't know. let me think about that. >> i'm a bush republican. as long as there's a bush republican running. >> i already threw christie out there. require want to get on the record, on the table, that i disagree with the idea that there c
that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the...